220 Madison St UNIT 3AJolietIL60435
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Joliet at 220 Madison St UNIT 3A, Joliet, IL, 60435 earns $599/mo cash flow from $1,824/mo rent with a $695/mo payment. Total monthly income totals $1,824/mo, and annual cash flow totals $7,191/yr on $47,040 capital. ROI tracks 35.2% on current figures, and rental yield reads 15.42% at a $141,900 purchase. Equity gained on principal adds $916/yr, and 5% annual appreciation supports $39,204 over five years. Five-year ROI reaches 188.1% and total cumulative return in cash sums $88,483. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,824/mo property income instead of your personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$240 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60435, Joliet, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,279 (100%) |
| Owner Occupied HU | 12,057 (62.5%) |
| Renter Occupied HU | 6,445 (33.4%) |
| Vacant Housing Units | 777 ( 4.0%) |
| Median Home Value | $240,246 |
| Average Home Value | $280,440 |
Housing Distribution
Address Breakdown
Residential
18,519
Single Family
16,011
Multi-Family
2,508
Businesses
1,368
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Listed by: Jamie Haake • Re/Max Ultimate Professionals
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12266194
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)